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Lennox EMEA Automates O2C & S2P to Improve Working Capital

See how Lennox EMEA automated invoice delivery, collections and accounts payable with Esker across customer and supplier cycles to improve visibility, accelerate processing and strengthen working capital.

 

About Lennox EMEA

Lennox EMEA, a subsidiary of Lennox International Inc., manufactures and distributes heating, air-conditioning and refrigeration solutions. The company operates three production plants, generates €170 million in sales and manages finance processes across SAP, MAPICS and Produflex ERPs, including 30,000 customer invoices and 40,000 supplier invoices annually.

Key takeaways

50% reduction

Overdue receivables on small accounts of less than €20,000

€500,000

Working capital requirement improvement from optimized invoice delivery, collections and AP processes

2-3 days

Saved in invoice processing with three-way matching

 

 

Read Lennox EMEA customer story

Lennox EMEA Case study summary

Lennox EMEA needed to modernize manual finance processes while managing 30,000 customer invoices and 40,000 supplier invoices each year. With Esker Invoice Delivery, Esker Collections Management and Esker Accounts Payable, the company centralized information, reduced paper handling and improved visibility. The result was stronger collections follow-up, faster invoice processing and a $500,000 improvement in working capital requirements.

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